Clear Secure, Inc. Stock Forecast
Evaluation of Clear Secure, Inc. stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The Clear Secure, Inc. stock price gained 0.567% on the last trading day (Thursday, 28th Mar 2024), rising from $21.15 to $21.27. During the last trading day the stock fluctuated 3.20% from a day low at $20.93 to a day high of $21.60. The price has risen in 7 of the last 10 days and is up by 10.55% over the past 2 weeks. Volume fell on the last day by -306 thousand shares and in total, 867 thousand shares were bought and sold for approximately $18.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $21.38 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.46% during the next 3 months and, with a 90% probability hold a price between $16.63 and $20.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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YOU Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.700%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Clear Secure, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.53 and $19.51. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Clear Secure, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $19.33 and $19.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Clear Secure, Inc. finds support just below today's level at $19.33. If this is broken, then the next support from accumulated volume will be at $19.25 and $18.60.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.670 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 3.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YOU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Clear Secure, Inc. to open at $21.27, and during the day (based on 14 day Average True Range), to move between $20.50 and $22.04, which gives a possible trading interval of +/-$0.774 (+/-3.64%) up or down from last closing price. If Clear Secure, Inc. takes out the full calculated possible swing range there will be an estimated 7.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.42 (0.71%) than the support at $19.33 (9.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Clear Secure, Inc. stock A Buy?
Clear Secure, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.079 Sell Candidate Downgraded
Predicted Opening Price for Clear Secure, Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$21.27 ( 0.0157%) | $21.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YOU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.94 | 3.13 % | |
R2 | 21.68 | 1.93 % | ||
R1 | 21.52 | 1.19 % | ||
Current price: | 21.27 | |||
Support | S1 | 21.01 | -1.22 % | |
S2 | 20.85 | -1.96 % | ||
S3 | 20.60 | -3.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.98 | 3.34 % | |
R2 | 21.57 | 1.41 % | ||
R1 | 21.42 | 0.705 % | ||
Current price | 21.27 | |||
Support | S1 | 19.33 | -9.12% | |
S2 | 19.25 | -9.50% | ||
S3 | 18.60 | -12.55% |
YOU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 28, 2024 | Apr 08, 2024 | $0.320 | 1.50% |
2 | Feb 23, 2024 | Feb 23, 2024 | Mar 05, 2024 | $0.0900 | 0.466% |
3 | Nov 08, 2023 | Nov 15, 2023 | Nov 22, 2023 | $0.360 | 1.81% |
4 | Aug 02, 2023 | Aug 10, 2023 | Aug 18, 2023 | $0.0700 | 0.307% |
5 | May 09, 2023 | May 17, 2023 | May 25, 2023 | $0.200 | 0.796% |
FAQ
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